I recently read these two articles on the way colleges help market credit cards and are then given a share of the spoils and I was both unsurprised and appalled. I lament daily on the poor state of financial education in America. Granted, this is something that parents should be teaching at home I still expect, as a student and future parent, that the education will cover the things I think are important, after all I am their customer. Frankly, colleges should be ashamed of themselves for both failing to teach students one of the most important lessons students need to hear (that most parents are ill equipped to give) and at the same time exploiting the fact that they have failed to educate students on these issues. Read more…